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Meggitt PLC (MGGT.L)

MGGT.L on London Stock Exchange

461.20GBp
1:54pm IST
Change (% chg)

-0.60 (-0.13%)
Prev Close
461.80
Open
463.30
Day's High
463.90
Day's Low
459.20
Volume
134,463
Avg. Vol
2,530,117
52-wk High
530.00
52-wk Low
415.50

Latest Key Developments (Source: Significant Developments)

Meggitt To Dispose Precision Micro Business For 22.5 Mln Stg In Cash
11:30am IST 

April 24 (Reuters) - Meggitt PLC ::DISPOSAL OF PRECISION MICRO.HAS SOLD PRECISION MICRO, SPECIALISTS IN PRODUCTION PHOTO ETCHING FOR AUTOMOTIVE AND MEDICAL SECTORS, TO LDC, PRIVATE EQUITY ARM OF LLOYDS BANKING GROUP FOR £22.5 MILLION IN CASH.DURING YEAR TO 31 DECEMBER 2017, PRECISION MICRO GENERATED £15 MILLION REVENUE.  Full Article

Meggitt PLC Says Sale Of Its Thomson Aerospace And Defense Subsidiary Has Completed
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Meggitt Plc ::MEGGITT PLC - DIVESTMENT OF THOMSON.MEGGITT PLC - DIVESTMENT OF THOMSON.MEGGITT PLC - ANNOUNCES SALE OF ITS THOMSON AEROSPACE AND DEFENSE SUBSIDIARY TO UMBRA CUSCINETTI S.P.A., HAS COMPLETED..  Full Article

Meggitt Expects To Have Further Discussions With Dassault Aviation In Coming Weeks
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - MEGGITT PLC ::NOTES ANNOUNCEMENT BY DASSAULT AVIATION OF CANCELLATION OF FALCON 5X PROGRAMME AND LAUNCH OF A NEW FALCON PROGRAMME.DASSAULT HAS INDICATED THAT IT EXPECTS TO RE-USE A MAXIMUM OF WORK UNDERTAKEN TO DATE ON FALCON 5X.DASSAULT INTENDS TO WORK WITH MEGGITT ON SUCCESSOR FALCON PROGRAMME.EXPECTS TO HAVE FURTHER DISCUSSIONS WITH DASSAULT AVIATION IN COMING WEEKS.HAS GOOD CONTENT ON PRATT & WHITNEY PW800 ENGINE ANTICIPATED TO BE USED IN SUCCESSOR AIRCRAFT.REMAINS POSSIBLE THAT CANCELLATION COULD LEAD TO A NON-CASH IMPAIRMENT OF SOME OR ALL OF CAPITALISED WORK UNDERTAKEN TO DATE.CURRENTLY HAS £50 MILLION OF ASSETS RELATING SPECIFICALLY TO 5X PROGRAMME.HAS £11 MILLION OF ASSETS RELATING TO SILVERCREST ENGINE ON ITS BALANCE SHEET.  Full Article

Meggitt ‍says Q3 revenue growth for group was flat on an organic basis​
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Meggitt Plc :‍Q3 REVENUE GROWTH FOR GROUP WAS FLAT ON AN ORGANIC BASIS​.‍ON A REPORTED BASIS, Q3 REVENUE DECLINED 2%, INCLUDING EFFECTS OF M&A AND FOREIGN EXCHANGE​.‍REMAINS ON TRACK TO MEET FULL YEAR GUIDANCE​.  Full Article

Meggitt says CEO Stephen Young to retire at end of April
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Meggitt Plc ::‍STEPHEN YOUNG, CHIEF EXECUTIVE, HAS ADVISED GROUP OF HIS INTENTION TO RETIRE AT END OF APRIL 2018​.‍YOUNG WILL BE SUCCEEDED AS CHIEF EXECUTIVE BY TONY WOOD ON 1 JANUARY 2018.  Full Article

Meggitt says completed private placement of of senior notes for $600 mln
Wednesday, 1 Jun 2016 

Meggitt Plc : Transaction has a weighted average maturity of 8.5 years, and an all-in funding cost of 3.46 pct. Funds will be received on 6 July 2016 . Net proceeds will be used to refinance bilateral credit facilities secured in 2015 . Private placement of usd 600m .Has completed a private placement of senior notes with 23 us based investors for a total consideration of $600m in 7 and 10 year maturities.  Full Article

BRIEF-Meggitt To Dispose Precision Micro Business For 22.5 Mln Stg In Cash

* HAS SOLD PRECISION MICRO, SPECIALISTS IN PRODUCTION PHOTO ETCHING FOR AUTOMOTIVE AND MEDICAL SECTORS, TO LDC, PRIVATE EQUITY ARM OF LLOYDS BANKING GROUP FOR £22.5 MILLION IN CASH